On Sunday, for No Particular Reason ™, the equity futures vaulted higher. The /ES was up over 30 points, but over the course of the night this has faded into virtually nothing. I continue to believe we’ll have another swoop lower at some point in the coming days, although this week and next week will probably be rather subdued, with a major holiday plopped right into the middle of each one.
I mean, it’s no Juneteenth, but let’s all admit Christmas is kind of a big deal.


